Southshore Company is preparing its financial budget for the first quarter, and is focusing on budgeted cash collections. Accounts receivable at the end of the previous year were $30,000. Sales in the first quarter are forecasted as follows:
The budget assumes that cash from the credit sales is collected the month after the credit sales take place.
Using the following format, please prepare the budgeted cash collections.

Question

Southshore Company is preparing its financial budget for the first quarter, and is focusing on budgeted cash collections. Accounts receivable at the end of the previous year were $30,000. Sales in the first quarter are forecasted as follows:
  The budget assumes that cash from the credit sales is collected the month after the credit sales take place.
Using the following format, please prepare the budgeted cash collections.

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The Answer of Southshore Company is preparing its financial budget for the first quarter, and is focusing on budgeted cash collections. Accounts receivable at the end of the previous year were $30,000. Sales in the first quarter are forecasted as follows:
  The budget assumes that cash from the credit sales is collected the month after the credit sales take place.
Using the following format, please prepare the budgeted cash collections.

Southshore Company Is Preparing Its Financial Budget for the First